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St. Pete Industrial 4123 S 8th Ave 24,000 SF 100% Leased Industrial Building Saint Petersburg, FL 33711 $3,200,000 ($133.33/SF)
INVESTMENT HIGHLIGHTS
- 1.07 Acre lot in rapidly expanding St. Pete market.
- 100% occupied, short term leases with the ability to continue to push rents to market
- Located in a market that has limited available inventory, limited vacancy and strong demand for commercial storage
- Priced to sell, well-below replacement cost
EXECUTIVE SUMMARY
CBRE is proud to offer St. Pete Industrial, situated in Saint Petersburg, FL. This property encompasses eight standard industrial units ranging from 3,000 to 6,000 square feet. Constructed in 1979, the facility spans 24,000 rentable square feet and features an occupancy rate of 100 percent. Nestled on 1.07 acres, St. Pete Industrial caters toward the industrial and professional users of the market, which has a population of 113,811 residents in a 3-mile radius. Conveniently located at 4049–4123 S 8th Avenue, this facility resides in the rapidly expanding St. Petersburg market, approximately five miles west of Downtown St. Pete, and only five miles east of St. Pete Beach. This presents a remarkable opportunity for investors to acquire a well-established Industrial asset with the potential for further growth through continued rental rate increases which are more representative of the market rate.
*TO ACCESS FULL OM SEND ATTACHED CA TO BROKER*
*TO ACCESS FULL OM SEND ATTACHED CA TO BROKER*
PROPERTY FACTS
| Price | $3,200,000 | Rentable Building Area | 24,000 SF |
| Price Per SF | $133.33 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1979 |
| Property Type | Industrial | Parking Ratio | 0.21/1,000 SF |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 4 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.55 AC | ||
| Zoning | C - Commercial | ||
| Price | $3,200,000 |
| Price Per SF | $133.33 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.55 AC |
| Rentable Building Area | 24,000 SF |
| No. Stories | 1 |
| Year Built | 1979 |
| Parking Ratio | 0.21/1,000 SF |
| No. Drive In / Grade-Level Doors | 4 |
| Opportunity Zone |
Yes |
| Zoning | C - Commercial |
AMENITIES
- Air Conditioning
1 1
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 27-31-16-87093-001-0010 | Improvements Assessment | $725,569 |
| Land Assessment | $199,431 | Total Assessment | $925,000 |
PROPERTY TAXES
Parcel Number
27-31-16-87093-001-0010
Land Assessment
$199,431
Improvements Assessment
$725,569
Total Assessment
$925,000
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St. Pete Industrial | 4123 S 8th Ave
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